CURRENT AFFAIRS

Detailed explanation-1: -The proposed new industrial policy, which will replace the industrial policy of 1991, seeks to achieve One Nation-One Standard, promote startups in every district, create startup innovation zones at the level of urban local bodies, and incentivise Indian speciality products by creating premium international brands.

Detailed explanation-2: -The first Industrial Policy post-Independence was announced in 1948. Known as the Industrial Policy Resolution of 1948, it was declared on 6th April 1948 and presented by Dr. Shyama Prasad Mukherjee, then Industry Minister, in the Parliament.

Detailed explanation-3: -industry scheme means an industry scheme that meets any prescribed requirements and is developed in accordance with the regulations.

Detailed explanation-4: -Industrial Policy Resolution of 1956 (IPR 1956) is a resolution adopted by the Indian parliament in April 1956. It was the second comprehensive statement on industrial development of India after the Industrial Policy of 1948. The 1956 policy continued to constitute the basic economic policy for a long time.